PepsiCo (PEP) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a cautionary statement regarding forward-looking statements and risks.

• Chairman welcomed shareholders, introduced directors, and acknowledged outgoing and new board members.

• Agenda included director elections, auditor ratification, executive compensation, and shareholder proposals.

Board and executive committee updates

• Two directors, Segun Agbaje and David Page, were recognized for their service as they step down.

• David Gibbs, with extensive experience at Yum! Brands, was nominated as a new director.

• Cesar Conde was elected as the next presiding director, reinforcing board refreshment and governance.

Financial performance review

• 2025 marked a pivotal year with renewed focus on growth, innovation, and operational agility.

• Significant investments since 2018 in technology, AI, manufacturing, and distribution to drive future growth.

• Q1 2026 results showed strong performance, with guidance for accelerated revenue and EPS growth in 2026.